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Werner Güth
Werner Güth (born 2 February 1944) is a German economist who, together with Rolf Schmittberger and Bernd Schwarze, first described the ultimatum game. He is currently Emeritus Director at the Max Planck Institute for Research on Collective Goods.Prof. em. Dr. Werner Güth '' Max Planck Institute for Research on Collective Goods''. Biography Güth was born on 2 February 1944 in Rudolstadt, Thuringia, Germany. He obtained his MA in Economics and PhD from the |
Max Planck Institute For Research On Collective Goods
The Max Planck Institute for Research on Collective Goods (German: ''Max-Planck-Institut zur Erforschung von Gemeinschaftsgütern'') is located in Bonn, Germany. It is one of 80 institutes in the Max Planck Society The Max Planck Society for the Advancement of Science (german: Max-Planck-Gesellschaft zur Förderung der Wissenschaften e. V.; abbreviated MPG) is a formally independent non-governmental and non-profit association of German research institutes. .... The institute focuses its study on law, economics and politics of collective goods. History The institute was founded 1997 as temporary project called "Common Goods: Law, Politics and Economics" and transformed into a permanent institute in 2003. Management As of 2010, its two directors are economist Martin Hellwig and law scholar Christoph Engel. Meanwhile, the following represent the institute's current academic advisory board. Academic Advisory Board * Prof. Philippe Aghion * Prof. Dr. Susanne Baer, LL.M. * Prof ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
University Of Jena
The University of Jena, officially the Friedrich Schiller University Jena (german: Friedrich-Schiller-Universität Jena, abbreviated FSU, shortened form ''Uni Jena''), is a public research university located in Jena, Thuringia, Germany. The university was established in 1558 and is counted among the ten oldest universities in Germany. It is affiliated with six Nobel Prize winners, most recently in 2000 when Jena graduate Herbert Kroemer won the Nobel Prize for physics. In the 2023 Times Higher Education World University Rankings, the university was awarded 189th place in the world. It was renamed after the poet Friedrich Schiller who was teaching as professor of philosophy when Jena attracted some of the most influential minds at the turn of the 19th century. With Karl Leonhard Reinhold, Johann Gottlieb Fichte, G. W. F. Hegel, F. W. J. Schelling and Friedrich Schlegel on its teaching staff, the university was at the centre of the emergence of German idealism and early ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Theory And Decision
Theory and Decision is a peer-reviewed multidisciplinary journal of decision science published quarterly by Springer Science+Business Media. It was first published in 1970. The current editor-in-chief is Mohammed Abdellaoui. The journal publishes research in fields such as economics, game theory, management science, and artificial intelligence Artificial intelligence (AI) is intelligence—perceiving, synthesizing, and inferring information—demonstrated by machines, as opposed to intelligence displayed by animals and humans. Example tasks in which this is done include speech r .... References External linksOfficial Website Economics journals Academic journals established in 1970 Springer Science+Business Media academic journals Logic journals {{management-journal-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Boris Maciejovsky
Boris Maciejovsky is an Austrian behavioral scientist, and an Associate Professor of Management at the School of Business at the University of California, Riverside. He is also the founder and managing partner at Greenleaf Analytics LLC, a behavioral management consultancy. His research focuses on behavioral economics and organizational decision-making. Biography Maciejovsky received his doctoral degree, studying the persistence of decision biases on experimental markets under the supervision of Erich Kirchler at the University of Vienna in 2000. In 2009, he completed his second PhD, in marketing, under the supervision of Dan Ariely at the Sloan School of Management at the Massachusetts Institute of Technology. Maciejovsky held academic appointments at the Humboldt-University of Berlin (2001), the Max Planck Institute of Economics (2001-2004), the London School of Economics (2007-2008), and Imperial College London (2008-2013), before accepting an appointment at the University o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Uri Gneezy
Uri Hezkia Gneezy (born June 6, 1967) is the Epstein/Atkinson Endowed Chair in Behavioral Economics and Professor of Economics & Strategy at the University of California, San Diego's Rady School of Management. Education and career Gneezy studied economics at Tel Aviv University, where he obtained a BA degree and graduated with honors. He later got his MA and PhD (1997) at the CentER for Economic Research at Tilburg University in Tilburg, the Netherlands. Gneezy, who frequently contributes to the Freakonomics website, is known for designing simple, clever experiments to demonstrate behavioral phenomena that open up new research directions in behavioral economics. Examples include his work on when and how incentives work, deception, gender differences in competitiveness, and behavioral pricing. Gneezy and coauthor John A. List have published a book on the hidden motives and undiscovered economics of everyday life, titled "The Why Axis." In 2014, Gneezy cofounded Gneezy Consultin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Martin Kocher
Martin Georg Kocher (; born 13 September 1973) is an Austrian economist, academic, and politician who has been minister of labour since January 2021 and minister of digital and economic affairs since 11 May 2022. He was a professor at the University of East Anglia before moving to the Ludwig Maximilian University of Munich and the University of Vienna. There he taught as a professor of behavioral economics and experimental economic research, and was also a visiting professor in Gothenburg and at the University of Queensland. His research interests are in Behavioral economics, Experimental economics, and Economic psychology Behavioral economics studies the effects of psychological, cognitive, emotional, cultural and social factors on the decisions of individuals or institutions, such as how those decisions vary from those implied by classical economic theory. .... References Living people University of Innsbruck alumni Academics of the University of East Angl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Amnon Rapoport
Amnon Rapoport (1936-2022) was an Israeli-born quantitative psychologist who was the Eller Professor Emeritus of Management and Organizations at the Eller College of Management at the University of Arizona. His research focused on experimental studies of interactive decision-making behavior. He died on December 6, 2022, after more than six decades of academic teaching, research, and service Biography Rapoport received his doctoral degree in quantitative psychology from the University of North Carolina, Chapel Hill in 1965. He was a distinguished professor of management and a highly cited scholar in the social sciences. Rapoport has published articles in peer-reviewed journals, including ''Management Science'', '' Journal of Experimental Psychology: General'', ''American Economic Review'', ''Organizational Behavior and Human Decision Processes'', ''Marketing Science'', ''Psychological Review'', and ''Journal of Personality and Social Psychology''. He was best known for studying h ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reinhard Selten
Reinhard Justus Reginald Selten (; 5 October 1930 – 23 August 2016) was a German economist, who won the 1994 Nobel Memorial Prize in Economic Sciences (shared with John Harsanyi and John Nash). He is also well known for his work in bounded rationality and can be considered one of the founding fathers of experimental economics. Biography Selten was born in Breslau (Wrocław) in Lower Silesia, now in Poland, to a Jewish father, Adolf Selten (blind bookseller; d. 1942Roberts, Sam"Reinhard Selten, Whose Strides in Game Theory Led to a Nobel, Dies at 85" New York ''Times'', September 2, 2016. Retrieved 2016-09-03.), and Protestant Protestantism is a Christian denomination, branch of Christianity that follows the theological tenets of the Reformation, Protestant Reformation, a movement that began seeking to reform the Catholic Church from within in the 16th century agai ... mother, Käthe Luther.O'Connor, J J, and E F Robertson"Reinhard Selten" ''www-history.mcs ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Behavioral Economics
Behavioral economics studies the effects of psychological, cognitive, emotional, cultural and social factors on the decisions of individuals or institutions, such as how those decisions vary from those implied by classical economic theory. Behavioral economics is primarily concerned with the bounds of rationality of economic agents. Behavioral models typically integrate insights from psychology, neuroscience and microeconomic theory. The study of behavioral economics includes how market decisions are made and the mechanisms that drive public opinion. The concepts used in behavioral economics today can be traced back to 18th-century economists, such as Adam Smith, who deliberated how the economic behavior of individuals could be influenced by their desires. The status of behavioral economics as a subfield of economics is a fairly recent development; the breakthroughs that laid the foundation for it were published through the last three decades of the 20th century. Beh ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Decision Theory
Decision theory (or the theory of choice; not to be confused with choice theory) is a branch of applied probability theory concerned with the theory of making decisions based on assigning probabilities to various factors and assigning numerical consequences to the outcome. There are three branches of decision theory: # Normative decision theory: Concerned with the identification of optimal decisions, where optimality is often determined by considering an ideal decision-maker who is able to calculate with perfect accuracy and is in some sense fully rational. # Prescriptive decision theory: Concerned with describing observed behaviors through the use of conceptual models, under the assumption that those making the decisions are behaving under some consistent rules. # Descriptive decision theory: Analyzes how individuals actually make the decisions that they do. Decision theory is closely related to the field of game theory and is an interdisciplinary topic, studied by ec ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Game Theory
Game theory is the study of mathematical models of strategic interactions among rational agents. Myerson, Roger B. (1991). ''Game Theory: Analysis of Conflict,'' Harvard University Press, p.&nbs1 Chapter-preview links, ppvii–xi It has applications in all fields of social science, as well as in logic, systems science and computer science. Originally, it addressed two-person zero-sum games, in which each participant's gains or losses are exactly balanced by those of other participants. In the 21st century, game theory applies to a wide range of behavioral relations; it is now an umbrella term for the science of logical decision making in humans, animals, as well as computers. Modern game theory began with the idea of mixed-strategy equilibria in two-person zero-sum game and its proof by John von Neumann. Von Neumann's original proof used the Brouwer fixed-point theorem on continuous mappings into compact convex sets, which became a standard method in game theory and m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Experimental Economics
Experimental economics is the application of experimental methods to study economic questions. Data collected in experiments are used to estimate effect size, test the validity of economic theories, and illuminate market mechanisms. Economic experiments usually use cash to motivate subjects, in order to mimic real-world incentives. Experiments are used to help understand how and why markets and other exchange systems function as they do. Experimental economics have also expanded to understand institutions and the law (experimental law and economics). A fundamental aspect of the subject is design of experiments. Experiments may be conducted in the field or in laboratory settings, whether of individual or group behavior. Variants of the subject outside such formal confines include natural and quasi-natural experiments. Experimental topics One can loosely classify economic experiments using the following topics: * Markets * Games * Evolutionary game theory * Decision making * ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
